- Leon Cooperman warned the enormous hype around Nvidia and other growth stocks is dangerous.
- The billionaire investor predicted the S&P 500 wouldn’t reach a new high for several years.
- Pressure on consumers and the Fed hiking interest rates could spark a recession in 2024, he said.
Leon Cooperman has called out the speculative mania around Nvidia and other popular stocks, and warned the US economy could slump into recession next year.
“We know that Nvidia’s not going to end well,” the billionaire investor said during an interview at The Ben Graham 10th Annual Conference on June 20.
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